Overview
Balephi Hydropower Limited was established on February15, 2012. Firstly it was incorporated as Private Company Limited. later, it turns into Public Limited Company. We have done Balephi Hydropower Limited company analysis.
Balephi Hydropower Limited company analysis
IPO Details:
Company has published an offer letter to issue an IPO to the individual investor. The IPO issue will open from today that is 16th Chaitra, 2078 and closes at 21st Chaitra, 2078. If the issue is not completely subscribed on time than deadline will can be extended till 30th Chaitra.
Balephi is issuing 18,27,970 units at a par value of Rs. 100 per unit. Among them 4% of the total issue that is 73,119 units are allocated to employee of the company. While 5% that is 91,398 have been allocated for mutual funds. The remaining 16,63,453 units are for the individual investor.
The amount collected from the public ( project affected area ) and individual public will be used to pay the loan.
ICRA Rating:
ICRA Nepal limited has rated the issue DOUBLE B for IPO of Balephi. It means moderate risk of defult regarding timely servicing of financial obligations.
The minimum bid quantity is 10 Units while maximum is 1,00,000 units. The issue manager for IPO issuance is Global IME Capital Limited.
Company Profile
The company is developing 36MW Upper Balephi A hydroelectri prokect in Sindhupalchowk. The project is 95 to 98% complete as on November end of 2021.The revised budgeted cost of the project is 7,856 million.
Major Promoter
Following are the major promoter of the company:
- Mr. Shakti Kumar Golyan = 18.25 %
- Mr. Shulav Agarwal = 18.25 %
- Mr. Shushil Ghupta = 17.50 %
- Mr. Shandeep Kumar Sharda = 15%
- Mrs. Prabha Goyanka ( Bhimshariya) = 9.95%
- Mr. umesh Kasaju = 8.68 %
Among the promoters, Mr. Shakti Kumar Golyan and Shulav Agarwal has the highest share of 18.25%.
Capital Structure:
Following are the capital structure :
Authorized Capital: Rs. 2.400,000,000
Issued Capital: Rs. 1,827,970,000
Current Paid up Capital: Rs. 1,462,376,000
Capital after IPO Issuance : Rs. 1,827,970,000.
Share Holding Pattern
Following are the Share Holding Pattern:
Promoters: 80% : 14,623,760 Units
Public ( Project Affected ) : 10% : 1,827,970
Public: (Individual ) : 10% : 1,827,970
Total: 100% : 18,279,700
Project Information:
A brief information of project:
Name of Project: Upper Balephi A
Type of Project: Run of River
Installed Capacity: 36 MW
Expected Energy Generation: 11/17/2078
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